• Return to Headlines

iShares Dow Jones US Telecommunications Sector Index Fund Rising Today on Above-Average Volume (IYZ)

By Amy Schwartz

The price of iShares Dow Jones US Telecommunications Sector Index Fund shares has climbed to $34.70 (a 0.3% change) on heavy trading volume. Today's volume of 887,000 shares tops the average 30-day volume of 489,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of iShares Dow Jones US Telecommunications Sector Index Fund on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.78. Since that recommendation, shares of iShares Dow Jones US Telecommunications Sector Index Fund have risen 24.6%. We continue to monitor IYZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

iShares Dow Jones US Telecommunications Sector Index Fund share prices have moved between a 52-week high of $34.91 and a 52-week low of $24.54 and are now trading 41% above that low price at $34.69 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.

Keywords: unusual volume ishares dow jones us telecommunications sector index fund

Ticker(s): IYZ